Paper #496

Título:

The daily market for funds in Europe: Mathematical appendix

Autores:

Gabriel Pérez y Hugo Rodríguez

Fecha:

Julio 2000

Resumen:

This paper includes the derivations of the main expressions in the paper ``The Daily Market for Funds in Europe: Has Something Changed With the EMU?'' by G. P�rez Quir�s and H. Rodr�guez Mendiz�bal.

Palabras clave:

Overnight rates, reserve demand, martingale hypothesis

Códigos JEL:

E44, E52

Área de investigación:

Macroeconomía y Economía Internacional

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